East West Petroleum (TSXV:EW) Total Assets : C$6.49 Mil (As of Dec. 2023)

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What is East West Petroleum Total Assets?

East West Petroleum's Total Assets for the quarter that ended in Dec. 2023 was C$6.49 Mil.

During the past 12 months, East West Petroleum's average Total Assets Growth Rate was 22.70% per year. During the past 3 years, the average Total Assets Growth Rate was -34.20% per year. During the past 5 years, the average Total Assets Growth Rate was -33.90% per year. During the past 10 years, the average Total Assets Growth Rate was -27.00% per year.

During the past 13 years, East West Petroleum's highest 3-Year average Total Assets Growth Rate was 497.70%. The lowest was -87.70%. And the median was 3.50%.

Total Assets is connected with ROA %. East West Petroleum's annualized ROA % for the quarter that ended in Dec. 2023 was -6.29%. Total Assets is also linked to Revenue through Asset Turnover. East West Petroleum's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.

East West Petroleum Total Assets Historical Data

The historical data trend for East West Petroleum's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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East West Petroleum Total Assets Chart

East West Petroleum Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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7.84

8.29

7.54

5.73

5.97

East West Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															5.69	5.97	5.81	6.11	6.49

East West Petroleum Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

East West Petroleum's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	4.573	+	1.396
	=	5.97

East West Petroleum's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	4.803	+	1.683
	=	6.49

East West Petroleum (TSXV:EW) Total Assets Explanation

Total Assets is connected with ROA %.

East West Petroleum's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.396	/	( (6.106	+	6.486)	/ 2 )
	=	-0.396	/	6.296
	=	-6.29 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

East West Petroleum's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.734	/	( (6.106	+	6.486)	/ 2 )
=	0.734	/	6.296
=	0.12

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

East West Petroleum Total Assets Related Terms

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East West Petroleum (TSXV:EW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » East West Petroleum Corp (TSXV:EW) » Definitions » Total Assets

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EWPMF:USA 37A:Germany

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

http://www.eastwestpetroleum.ca

East West Petroleum Corp is an oil and gas exploration and production company. It is engaged in exploring, developing and producing from its oil and gas properties. Its producing oil and gas property in New Zealand is the Taranaki Basin which is located near the west coast of the North Island. The company derives its revenue from acquisition, exploration, and production of oil and gas properties.

Executives

Kevin Haney

Director